What Happens When I Sign a Settlement Agreement?

Welcome, I am David Ricks. I am a personal injury trial lawyer in Rancho Cucamonga and the principal of the Inland Empire Law Group. At the conclusion of a personal injury case, the individual is going to sign a release of liability or a settlement agreement or an agreement of some form. And that release of liability or settlement agreement is going to outline what is going to be paid to the person in exchange for a dismissal of a claim or walking away from a claim for injuries. What is the effect of this? The effect is that it ends the claim. You need to make sure that at the time that you settle your case that you understand the nature and extent of your injuries, that you feel comfortable and confident that the settlement feels fair and appropriate and that you are willing at that time to walk away from any other claims from the opposing side. You want to make sure that you follow your attorney’s advice on this issue because there are many factors that play into a settlement and sometimes you don’t feel like the settlement is enough in terms of dollar amount but there may be many limitations on liability, limitations on insurance those types of things may have a direct effect. Many times you need to understand that once you sign on the dotted line, that release or that settlement your case is essentially over and it can be forced against you to prevent you from raising the issue.